Cryptocurrency has emerged as a sustainable component of our economy and has proved to be a viable means of transacting business. It’s important that accounting professionals understand how to classify digital assets, track fluctuating prices, choose which approach to best use for valuation, have a clear understanding on financial reporting and disclosures, and how to actually report different crypto transactions.
DESIGNED FOR
All CPAs and financial professionals
BENEFITS
- Recognize the different types of digital assets in the marketplace.
- Value cryptocurrency with the income approach, market approach or asset/cost approach.
- See examples of various accounting for common types of crypto asset transactions.
- Track crypto gains and losses.
- Understand financial statement disclosures related to cryptocurrency.
HIGHLIGHTS
The panelists will:
Define, classify and value digital assets
Review accounting for crypto assets
Discuss financial statement reporting and disclosuresPREREQUISITES
None
ADVANCE PREPARATION
None